Note 6 - Intangible Assets and Goodwill

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

6.          INTANGIBLE ASSETS AND GOODWILL

Intangible Assets, net

Intangible assets, net consisted of the following:

	September 30, 2023			December 31, 2022
Amortizable intangible assets:
Patents	$	841		$	575
Trademarks		241			150
Purchased software and technology		2,452			1,962
Customer Relationships		160			-
		3,694			2,687
Accumulated amortization		(778	)		(462	)
Total amortizable		2,916			2,225
Indefinite life assets (non-amortizable)		403			344
Total intangible assets, net	$	3,319		$	2,569

Amortization expense was $150 and $317 for the three and nine months ended September 30, 2023, respectively, and $72 and $215 for the three and nine months ended September 30, 2022, respectively.

At September 30, 2023, future amortization expense is as follows:

2023 (3 months)	$	164
2024		655
2025		650
2026		427
2027		180
Thereafter		840
Total estimated amortization expense	$	2,916

Goodwill

The table below summarizes the changes in the carrying amount of goodwill:

Balance at January 1, 2023	$	-
Acquired goodwill		1,611
Balance at September 30, 2023	$	1,611